"We believe our marketing solution provides unrivalled technological advantages and gives banks the flexibility and tools to unlock new ways of communicating and engaging with their customers."

I-design said in a first-half announcement in April it expected to see a "marked increase" in revenues in the second half compared to a year ago when it reported a 38 per cent rise in sales.

At the time it said discussions with new banking customers had been "encouraging".

In March, I-design secured an extension of an existing contract with Nationwide Building Society covering 2,300 of its cash machines and a 12-month deal with Pizza Hut for 1,500 of its ATM's across the UK.

The Dundee-based company also signed a significant contract with YourCash last year, the largest independent provider of ATM solutions in Europe, and its first US and South American contracts.

Last December I-Design reported a 35 per cent cut in overall losses to £723,000 following a strong second-half performance.

Revenues last year grew to £2.37million compared to £2.17million in 2009.